REGISTERED NUMBER: 12684589 (England and Wales)

Financial Statements for the Year Ended 30 June 2025

for

Papa Bianco Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J F White

SECRETARY:

J F White

REGISTERED OFFICE:

Mindora Heights

Mill Lane

Harbledown

Canterbury

Kent

CT2 8NG

REGISTERED NUMBER:

12684589 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

4

75,778

67,182

CURRENT ASSETS

Stocks

2,750

2,750

Debtors

5

46,273

30,722

Cash at bank

525,257

392,173

574,280

425,645

CREDITORS

Amounts falling due within one year

6

145,243

101,874

NET CURRENT ASSETS

429,037

323,771

TOTAL ASSETS LESS CURRENT LIABILITIES

504,815

390,953

PROVISIONS FOR LIABILITIES

14,398

12,765

NET ASSETS

490,417

378,188

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

490,317

378,088

SHAREHOLDERS' FUNDS

490,417

378,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2025 and were signed by:

J F White - Director

1.	STATUTORY INFORMATION

Papa Bianco Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

102,432

Additions

21,993

At 30 June 2025

124,425

DEPRECIATION

At 1 July 2024

35,250

Charge for year

13,397

At 30 June 2025

48,647

NET BOOK VALUE

At 30 June 2025

75,778

At 30 June 2024

67,182

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,313

2,880

Corn Store Events

5,440

-

Loan Standard Quay Tearooms

(1,352

)

410

Other debtors

1,783

-

Loan Kent Properties

-

(163

)

Directors' current accounts

21,824

20,735

Prepayments

9,265

6,860

46,273

30,722

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

35,955

22,929

Tax

34,762

27,122

Social security and other taxes

1,951

2,330

VAT

37,488

28,599

Other creditors

211

1,120

Loan Quayside Properties

4,932

252

Loan Furniture Barn

28,294

18,822

Accrued expenses

1,650

700

145,243

101,874

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

8.	RELATED PARTY DISCLOSURES

At the year end the company had following monies receivable/ payable by the following companies:

Furniture Barn - payable £28,294 (2024: £-18,822)

Quayside Properties Limited - payable £4,932 (2024- £252)

Standard Quay Tearooms Limited - payable £1,352 (2024: £410)

Corn store events - receivable £5,440 ( 2024 - £Nil)

The companies are under the common control of Mr M White.